| Title | Quantifying an influence of green credit on digital technology innovation: financial perspective of a China's case study |
|---|---|
| ID_Doc | 30643 |
| Authors | Ke, W; Lu, S |
| Title | Quantifying an influence of green credit on digital technology innovation: financial perspective of a China's case study |
| Year | 2023 |
| Published | Environmental Science And Pollution Research, 30, 17 |
| Abstract | This paper examines the impact of green credit (GC) on digital technology innovation based on Chinese enterprises using panel data from 1990 to 2016. The study collected panel data from the 40 Chinese firms listed on the Beijing and Wuhan stock markets. Manufacturing companies were selected because they mainly contribute to green credit from pre- and post-policy periods. First, in the "two high and one surplus" sectors, the application of China's Green Credit 2012 could significantly increase total factor digital technology innovation by 1.21%. Results show a considerable drop in the variable values of digital technology innovation, 61.3%; green credit policy, 10.45%; leverage, 21.0%; and green innovation, 85.4%. The results of the absolute value of standard error after matching is much lower than 20.0%, demonstrating that the variable features of the two sets of samples are similar. In conclusion, GC's impact on the FDI of capital was asymmetrical, reflecting various impacts on businesses with various types of property rights and sizes. |
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